On June 18th, 2010 the Board of Directors
had a meeting and approved the spin off of
subsidiary Global Online Television
Corporation (GOTV).
The Board of Directors has approved the
record date for the spin off to be July
16th, 2010, a proposed ex dividend pay date
of July 19th, 2010, and the conversion of
the spin off to be three hundred shares of
Atlantis Technology Group for one share of
Global Online Television Corporation owned
as of the record date.
For example if you owned three million
shares of Atlantis Technology Group, current
symbol (ATNP), at the close of business on
July 16th, 2010 you will receive ten
thousand shares of Global Online Television
Corporation on or about July 19th, 2010.
The record date is the date that you must
own shares of Atlantis Technology Group to
take part and receive shares of Global
Online Television Corporation. This date is
chosen by the company.
The ex dividend pay date is the date that
FINRA will authorize the payment of the
dividend shares of Global Online Television
Corporation. This date is chosen by FINRA
although we are allowed to request an ex
dividend pay date.
All previous Global Online Television
Corporation dividend shares issued are the
same as the new dividend shares being
issued.
Why at this time the Board of Directors
believes this is a benefit for Atlantis
Technology Group shareholders.
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Global Online Television Corporation has
been in development since 2007 as Atlantis
Media Group. At that time IPTV was in it's
infancy stage and the amount of bandwidth
available to end users wasn't sufficient
enough to sustain a good standard
definition connection. Research was done
in the early months of 2008. In 2009 the
government demanded television
broadcasters to switch from analog to
digital, this opened up a huge amount of
free bandwidth allowing the end user to
receive upwards of 8mbs of bandwidth. This
was a sufficient amount of bandwidth for
GOTV to launch their product. In March of
2010 GOTV launched their product. Since
March, GOTV has been building a name for
itself in the IPTV Industry.
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Global Online Television Corporation is
now a self sufficient business, the true
benefit comes from offering Atlantis
Technology Group shareholders a large
direct position in Global Online
Television Corporation. By owning shares
directly in Global Online Television
Corporation as the company grows so will
the shareholder value.
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Atlantis Technology Group has planned to
own a 5% or larger position in Global
Online Television Corporation after the
spin off occurs.
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On June 4th, 2010 the Board of Directors
called a meeting to decide to spin off
Global Online Television Corporation and
did not approve this decision because it
was not in the best interest of the
shareholders at this time due to
complications with a potential merger. On
June 18th, 2010 the Board of Directors had
a meeting to review its decision not to
spin off Global Online Television
Corporation and decided it was now in the
best interest of the shareholders due to
positive negotiations now in place for a
merger of Global Online Television
Corporation.
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Global Online Television Corporation has
completed negotiations to merge with a
publicly traded entity. The agreements are
scheduled to be completed on July 19th,
2010 after the spin off occurs. This will
grant one share of Global Online
Television Corporation for one share of
the publicly traded entity.
-
On June 29th, 2010 Global Online
Television Corporation announced they have
signed and executed the merger agreement
with a publicly traded entity.
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As of close of business on Friday June
25th, 2010, Monday June 28th, 2010 the publicly traded entity
closed at price per share of $0.99.
-
This will be an incredible benefit to all
Atlantis Technology Group shareholders to
take part in a successful spin off giving
free shares of this new publicly traded
entity while retaining shares in Atlantis
Technology Group.
-
It is the intention for all successful
subsidiaries to become successful spin
offs giving shareholders increasing value
for their Atlantis Technology Group stock
and issuing profitable dividends.
Links to recent press releases about the
Global Online Television Corporation spin
off.
Atlantis Technology Group's Board of
Directors Has Approved the Spin Off of
Subsidiary Global Online Television
Corporation
Atlantis Technology Group's Board of
Directors Schedules a Meeting for June 18th,
2010 to Review Its Decision Not to Spin Off
Global Online Television Corporation and
Also Discuss a Merger, Acquisition, or
Buyout
Atlantis Technology Group's Board of
Directors Did Not Approve the Spin Off of
Subsidiary Global Online Television
Corporation
Atlantis Technology Group's Board of
Directors Schedules a Meeting for June 4th,
2010 to Discuss Spinning off Global Online
Television Corporation to Become Its Own
Publicly Traded Entity
Please contact us either
by email at
contact@atlantistechnologygroup.com or
call us at 305-433-6393.
